General government revenue and expenditure by quarter

Producer: Statistics Finland
Homepage: http:// www.tilastokeskus.fi/til/jtume/index_en.html
Main topic: Government Finance
Related topics: National Accounts
Official Statistics of Finland (OSF): Yes
European Statistical System (ESS): Yes

Description

The statistics describe quarterly data on the revenue and expenditure of general government. The statistics are derived statistics according to the national accounts, that is, statistics according to the national accounts derived from sector-specific basic statistics. The statistics were developed to develop economic monitoring of general government for timely and reliable measuring of the public sector required by the EU's Stability and Growth Pact and the European Central Bank ECB.

Data content

Quarterly time series on the revenue and expenditure of general government in accordance with the European System of Accounts. Transactions within general government were consolidated as concerns property income, property expenditure, other current transfers and capital transfers.

Income

Market output (P.11)
Output for own final use (P.12)
Payments for other non-market output (P.131)
Taxes on production and imports (D.2)
Other subsidies on production (D.39)
Property income (D.4)
Value added type taxes (VAT) (D.211)
Current taxes on income, wealth, etc. (D.5)
Social contributions (D.61)
Actual social contributions (D611)
Imputed social contributions (D.612)
Other current transfers (D.7)
Capital transfers, received (D.9)
Capital taxes (D.91)

Expenditure

Intermediate consumption (P.2)
Gross capital formation (P.5)
Acquisitions less disposals of non-financial non-produced assets (K2)
Gross fixed capital formation (P.51)
Compensation of employees (D.1)
Other taxes on production, paid (D.29)
Subsidies, paid (D.3)
Property expenditure (D.4)
Interest, paid (D.41)
Current taxes on income, wealth, etc., paid (D.5)
Social benefits other than social transfers in kind, paid (D.62)
Social security benefits in kind related to households’ expenditure on products acquired from market producers (D.6311+D63121+D63131)
Other current transfers, paid (D.7)
Adjustment for the change in net equity of households in pension funds reserves (D.8)
Capital transfers, paid (D.9)

Balance items

Saving, gross (B.8g)
Net lending/Net borrowing (B.9)
Final consumption expenditure by general government (P.3)

Other items

Consumption of fixed capital (K.1)

The data are public.

Classifications used

The classifications used in these statistics are based on the European System of Accounts 1995 (ESA1995). The used classification are the Classification of Sectors and the Classification of Transactions.

Data collection methods and data sources

The statistics are compiled by exploiting diverse statistics describing economic development which are produced by Statistics Finland and other institutions and organisations. The statistics are derived from basic statistics according to the classifications, definitions and methods of the European System of Accounts.

Data collections

Quarterly statistics on the finances of municipalities

Updating frequency

Quarterly.

Time of completion or release

Within less than three months from the end of each quarter.

Time series

The data are available starting from 1991. Part of the time series are from 1998.

Keywords

central government finance, expenditure, general government, general government expenditure, government expenditure, government finance, income, municipal finances, public sector, social security contributions, social security funds, tax revenue, taxation

Contact information

http://tilastokeskus.fi/til/jtume/yht_en.html

Last updated 23.11.2011

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Description of statistics

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